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Nfts

Something Special Brewing for NFTYesterday was the highest volume day for this coin since the first day it launched. And today's volume is even more massive, with 8 hours to go till daily close! Daily MACD has taken support on the zero line, and crossed over, thanks to this massive volume. Looks like the whales are taking a lot of interest. And best of all, we just had a breakout from the massive downtrend with this high volume. If you zoom into the 15 minute chart, you can see that the breakout looks decisive. If breakout confirms, we could see massive price explosion over the coming days and weeks. NFTs have many other use cases than just the art application most people are aware of. I suggest you read this article on that topic: finance.yahoo.com Disclaimer No Investment Advice Provided Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
Long
by kkarmayogi
10
How NFTs are empowering recording artists.Blockchain is rapidly becoming the innovative force industry insiders have been promising for years. The number of projects and artists offering their works using it as a core technology may be shifting the current economic model under which most musicians operate. Non-fungible tokens, or NFTs, allow independent artists to earn income and engage with their fan base without always relying on a label or streaming service like Spotify. In March, 3LAU, an electronic dance music producer, sold more than $11 million worth of tokens redeemable for real-world goods — including music — in addition to a $3 million token holder who bid for the right to collaborate with the artist. Paul Oakenfold, another well-known EDM DJ, announced in September he would be launching a tokenized album on the Cardano blockchain.Blockchain is rapidly becoming the innovative force industry insiders have been promising for years. The number of projects and artists offering their works using it as a core technology may be shifting the current economic model under which most musicians operate. Non-fungible tokens, or NFTs, allow independent artists to earn income and engage with their fan base without always relying on a label or streaming service like Spotify. In March, 3LAU, an electronic dance music producer, sold more than $11 million worth of tokens redeemable for real-world goods — including music — in addition to a $3 million token holder who bid for the right to collaborate with the artist. Paul Oakenfold, another well-known EDM DJ, announced in September he would be launching a tokenized album on the Cardano blockchain.
NLong
by Laura67225
1
Hidden Gem? FLOWUSDT - CryptoKitties People $FLOWFlowUSDT chart on Binance looks terrible but if you get the full story (coingecko or advn) its actually doing a 1-2 and just off the 0.618 I've drawn in the history Flow is backed by Dapper Labs - the people behind the CryptoKitties, and NBA TopShot Investors: Andreeson Horowitz, Naval Ravikant, Marc Pincus (Zynga, and now Joby Aviaiton) Hidden gem? Elliot Wave forecasts are typical long term targets from a initial 1-2 and are never a guarantee - Do Your Own Research NTA, DYOR, implement risk management
Long
by BigMonkeyCrypto
2
ETH and NFTs a few words of caution for new NFT buyersQuick tips for new NFT buyers. No investment advice is given here. Use this only for information and educational purpose and these are only intended to provide a general overview of my little experience in the NFT world. 1. Size accordingly. Try to limit FOMO. 2. Most projects offer ambitious roadmaps, but very few will be able to deliver even 30-50% of what they are promising. I see projects offering video gaming and tokenization. I typically avoid those. On one hand, because assembling a videogame in the short term seems unreasonable for many new projects, and on the other hand, because tokenization has a huge regulatory risk attached to it. Most people will focus on the art, but art and the artist have to be seen as only one element of the business as a whole if you consider yourself an investor more than a collector. My thinking is that good art coupled with a good business plan will do alright as a long-term investment. There are way too many projects and sometimes you'll feel like seeking a needle in the haystack. Do your own due diligence. Don't rely much on other social media advice and influencers. You have your own best interest. With time art will become more sophisticated, expect the sector to change quickly and exponentially in the coming months. Don't judge the art for its simplicity or look. Pixelized art may be as good an investment in comparison with more realistic or detailed art. It all depends on the eye of the beholder. I do tend to feel biased by the art that I like, but that's just me. I like to know who the artist is for example, but many buyers don't place much attention there. They are in the space because of the art, expression, desire to connect with others, have a sense of belonging to a certain community, bragging rights, etc. Understand this. 3. Look at their Twitter followers. Some accounts are just recently created for the purpose of offering the NFTs, which in itself is not a red flag, but the investor has to dig into the Twitter timeline to perform what I call the "scratch test". Most of the comments you see in 90% of those recently created Twitter accounts can be considered of low quality. Some even come from unverified accounts. 4. Discord is also a place where NFTs are pumped, people get into whitelists and presales. I always take a look at the structure of the Discord as a whole. Some are poorly assembled, but as scammers are getting better you may end up having a hard time to identify the good from the rotten apples. A key thing is to identify whether the developers and artists are fully identifiable (a.k.a. Doxxed). I tend to avoid projects in which I cannot identify developers and artists, since there is little skin in the game when things go south. I'm not implying that not being doxxed means that they could be scammers but it is all about incentives in the end. In some cases, it's about privacy or things related with NDAs, etc. But I'd recommend to conduct a little more due dillgence in those projects where the team is not readily identifiable. Suspect always from huge giveaways, there is no such thing as a free lunch in the space. Most people do well it is because they grind hard. Be ready to work hard in due diligence and know your sniping tools to identify rarity traits. 5. Some project's teams choose moderators from the crowd that have spent a considerable amount of time in the chat, and they may fail to conduct adequate identification and internal KYC as there may or may not be a formal working relationship. Some of those moderators may be compensated with NFTs or crypto after performing tasks. Understanding these incentives will save you from trouble. This is harder to identify but buyers have to ensure that the team of developers and moderators in the Discord are well-coordinated and have an ongoing relationship. 6. Do not click on random links in Discord and messages from a moderator unless you are requesting the contact. You have to be aware that this is the Wild West and there is no way to protect you after you send your crypto to someone. Most of the scams are conducted by sending the crytpto by oneself. In very few cases the account is directly hacked as the seed phrase typically protects the wallet. 7. There are people that I see that just leave a significant amount of coins in their trading wallets (Metamask for example). I rather treat those differently but that's just me. Regulation will come for sure to the sector, but as long as the authorities can only see the ramp up and ramp down, without being able to see what happens in the middle of the road, we all have to be careful of who we send our crypto to. 8. Buying the minting may not necessarily be a good idea. You can get the NFT at a lower price, but the rarity traits are randomly delivered after the reveal. I'd favor the sniping approach right after the reveal for those "buy now" options. At least by then you will be avoiding a bit of the ongoing gas wars and have the opportunity to select a few rare ones if you can afford them. 9. Avoid the gas wars by waiting for the right time to buy and send your crypto. If you are not an advanced user do not tamper with your Metamask personalized gas options. There are a lot of resources online that will help you understand this better. 10. Always do your own due diligence. No one will have your best interest buy only you. This does not necessarily mean that you should not trust others. The beauty of participating in this decentralized space is the trust among communities and users, which gives me hope about the potential for the sector. 11. If you are sitting on the sidelines you are doing perfectly fine. You'll have your chance to invest whenever you feel like doing it in this new space. This is way too early for regular investors whose risk profile differs from those early adopters. Just wait for regulations to set in and also for projects to implement best practices regardless of the lag between the current state and the ideal regulatory framework that we now need to avoid falling into scams and mistakes that can be avoided by just waiting. 12. Crypto can be seen as energy and time. Respect those. Sometimes the dimension of money is lost when thinking in ETH or BTC terms. Spend that time and energy wisely and you'll be alright. gm
COINBASE:ETHUSD
by gumoca
Ethereum Could Be Setting Up For New All Time High Be Cautious!Ethereum is going bananas. There's not much resistance at these levels but the strength indicators are getting very very heated. A retest of roughly $4,400 is likely underway and there maybe some resistance we'll see. We still need to break past $4,000 first. If we break past $4,000 and run past $4,400 we will enter a new price discovery phase for Ethereum. Still strong momentum in the MACD after the bullish crossover 2 days ago. A pullback always looms around the corner when we start to get overbought on the strength indicators so keep that in mind. Getting in at these levels can be riskier. Profit taking at new all time highs will happen. I'm looking at Ethereum charts every hour right now. Since EIP-1559 Ethereum has burned over $315 million dollars worth of ETH. Ethereum will continue to burn forever building in a scarcity factor that wasn't previously there. Also NFT mania continues to boom. Exciting times to be in cryptocurrency. If you're new to crypto always make it a goal to own at least 1 Ethereum in your portfolio! Cheers! Much peace, love, health, and wealth.
COINBASE:ETHUSDLong
by peacefuljustin
READY TO POP? | Palantir could breakout from hereNews has been relatively good for Palantir and could lead to a run. Regardless, we are approaching a pretty strong channel resistance which if not broken could lead to a sell off to $18. Bullish: We are looking for a small wick out above this channel then a pullback to find support for a week or two, after we will see a strong push up and through that channel bringing us toward $28.20 by the end of October. Overall it's very likely we see Palantir back above $30 by the end of this year. Bearish: If we respect this channel resistance firmly, we could potentially see a pullback to $18-$20 toward the end of the year (for the last time). If this happens, I will just buy more :) DCJ | $PLTR
PLong
by DotcomJack
$XCUR at a key level• 95% circulating supply (big yes). The majority of it(Over 60%) is with holders. • Good community following and engagement • 38m market cap in a growing space. Rank #586. If it makes the top 100 which is very much possible, will have a market cap of about 800m. 800/38= 21X. That's 21x given similar market conditions. • Low commission, gasless, multichain NFT marketplace • Clean UIU/UX • Good partnerships: Expedia, Shooping.io, travala, Viator • Token burns TA looks good, - Broke out of downtrend and laddering up - Origin level at 4.722. Break and retest is a good buy zone - Bullish Moving averages aka trend H/e, • RSI overbought • Lots of competition: Opensea, rarible, binance,etc Idea credit: Bitcoin Chris
XLong
by ashainp
2
FNKO possible breakoutWant to see $FNKO close above 18.77 today. Very bullish if this happens, especially with all the NFT craze happening. FNKO's first NFT release has been HOT. Will average up if I see positive price action. The only problem is this could be a weak stock because I have been trying to trade this the past few months and it seems like it has not been able to get love from wall street (should follow the money). Also could be due to small caps getting smashed as a whole.
NASDAQ:FNKOLong
by cat0000
Aavegotchi consolidating near ATHsGHST has been listed on Kraken and also recently got a USDT pair on Binance. It only had an ETH and a BUSD pair, and usually USDT pairs add liquidity and boost the price. Now that this was added while NFTs are booming and the price is sitting at a key level we could see a big pop here. GHST is also looking great both in BTC and USD terms, and is one of the few NFT projects (especially on Binance) that haven't had a big pump so far as high inflation might be suppressing the price, however I think it is currently at a tipping point and could move higher really fast.
GLong
by BitcoinMacro
1
Money Will Permanently Flow Into Cryptocurrency This Decade I've had a simple investors thesis when investing in cryptocurrency since 2017. I've always judged the growth of cryptocurrency by the growth of the market cap. The more money that comes into cryptocurrency the more prices will appreciate (certain cryptocurrencies of course). The more money that comes in the more innovation, use case, public interest, and opportunities grow. When I started heavily investing in cryptocurrency the market cap was only about $180 Billion and I always believed that cryptocurrency would eventually exceed $1 Trillion dollars the more the use case and user base grew. Today we're right at a $2 Trillion market cap and my thesis remains stronger than ever. Cryptocurrency in a whole is easily a $10 trillion global market this decade at a very conservative estimate. In a big macro perspective consider: * The entire global money supply will dramatically increase by 2030 ( M0, M1, M2, M3). * The growth of Crypto ETFs. * Better cryptocurrency regulatory infrastructure. * More countries will adopt Bitcoin as some form of legal tender. We will see this new economic philosophy heavily spread throughout South America first and eventually spread to countries facing severe devalued currencies. * All assets and prices will dramatically increase by 2030 due to infinite money printing policies. * The use case for decentralized finance and digital based economies will expand as the world continues to grow more digital. Most of the worlds money and value is already in digital ledgers. * NFT's will be global cultural digital artifacts stemming from the digital age. Not all NFTs of course. * The generational shift from predominately Baby Boomers to more Millennials will grow by 2030. * Corporations and financial institutions will heavily adopt Bitcoin to hedge against devaluing dollars. * Cryptocurrency is spreading faster than the internet. I believe we will be re-testing market all time highs by the end of this year at $2.5 Trillion. If we continue positive momentum through out the rest of this year Once we hit our Fibonacci level 1, I believe we will have a run up to the 1.618 Fibonacci level over $3 Trillion. There will be another wave of FOMO hitting the market. We are still so early in cryptocurrency we haven't even scratched the surface. More money comes into the space than out of it over time. Happy HODLING. Much peace, love, health, and wealth!
CRYPTOCAP:TOTALLong
by peacefuljustin
2